Business

Nevsun to invest 590 million dollars in a new copper-gold mine in Serbia
The Canadian company Nevsun Resources held a ground breaking ceremony in the Cukaru Peki zone of the Timok project in Bor, Serbia, commemorating the start of a new copper-gold mine. ... more
NIS continues with the modernization of the Pancevo Oil Refinery
The next phase of the modernization of Pancevo oil refinery in South Vojvodina, Serbia, was marked with an official ceremony at the facility site. ... more
NIS continues with the modernization of the Pancevo Oil Refinery
The next phase of the modernization of Pancevo oil refinery in South Vojvodina, Serbia, was marked with an official ceremony at the facility site. The new stage of the project, implemented by Naftna Industrija Srbije (NIS), includes the construction of a Bottom of the Barrel plant with a delayed coking technology. ... more
EBRD and EU jointly helping SMEs in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) and the EU announced that their joint two-year program, supporting the competitiveness of small and medium enterprises in Bosnia and Herzegovina, has been successfully implemented so far. During the first one and a half years of the program the two institutions have granted small businesses in the Balkan country multiple small loans amounting to a total of 15,7 million euro. Candidates in the project are expected to receive about 4 million euro ... more
A waste-oil recycling project to be implemented in Romani
The Romaian company Green Oil and Lubes SRL is to receive a loan for the development, construction and operation of a recycling plant for waste lubricant oils in the Balkan country ... more
Kosovan pharmaceutical company gets EBRD funding to build a greenfield logistics centre
The European Bank for Reconstruction and Development (EBRD) said it was providing the largest pharmaceutical distributor in Kosovo Santefarm a loan to support the company in the construction of a greenfield logistics centre. Santefarm is supplying generic and branded drugs, over-the-counter products and medical materials to more than 600 pharmacies in Kosovo. The loan granted to the company amounts to 1,5 million euro, EBRD further announced. ... more
Serbia begins work on its largest wind farm project
The largest wind farm project in Serbia and the Western Balkans to date will officially be realized after it received a EUR 215 million loan for its implementation. ... more
Albanian metal products manufacturer receives funding for expansion
Albania’s leading local manufacturer of fabricated metal products APM has received significant financing from the European Bank of Reconstruction and Development (EBRD) and the Enterprise Expansion Fund (ENEF). APM is a fully owned subsidiary of Alb-Star Sh.p.k., one of the largest private construction and engineering groups in Albania. A total of EUR 1,8 million will be provided to support the company’s expansion. ... more
Productronica will exhibit the future of electronics production
This year’s edition of the biennial leading trade fair productronica will take place at Messe Munchen from November 14-18. ... more
The debt of Serbia’s public transport company GSP to be converted in dinars
The European Bank for Reconstruction and Development (EBRD) announced it was converting the EUR 15 million debt owed by the Belgrade Transport Company GSP into local currency, Serbian dinars. ... more
Large Slovenian cement producer received a sustainability reward
Salonit Ahnovo was prized with a bronze Sustainable Energy Award by the European Bank for Reconstruction and Development. ... more
EBRD is financing a major renewable energy programme in Greece
The first project under the recently launched Greek Renewable Energy Framework was signed by the European Bank for Reconstruction and Development. ... more
Teklas to expand its business in Bulgaria
The European Bank for Reconstruction and Development announced it was going to provide a EUR 20 million loan to the Bulgarian subsidiary of Teklas Kaucuk, based in Kardzhali. Teklas is a Turkish manufacturer of fluid circulation systems and anti-vibration parts for automotive applications. ... more
EBRD finances the reconstruction of the water supply network in Sarajevo
The European Bank of Reconstruction and Development (EBRD) announced it is financing a major project for the renovation of the water supply network in Sarajevo. The reconstruction of the water infrastructure in the capital of Bosnia and Herzegovina is going to be funded by a 25 million euro sovereign loan provided to the Sarajevo Canton Water and Wastewater Company, EBRD added. ... more
EBRD and two major Turkish investors are acquiring stakes in the local Korozo Ambalaj
The EBRD, the leading private equity investor in Turkey Actera, and the venture capital firm Esas Holding are acquiring a majority stake in the leading Turkish producer of flexible packaging Korozo Ambalaj, EBRD announced. ... more

LATEST issue 1/2021

issue 1-2021

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BUSINESS
TAP start of gas flows marks a historic step in supply diversification in Southeast Europe

TAP start of gas flows marks a historic step in supply diversification in Southeast Europe

TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through ... more
Serbia cuts EUR 3,2 billion deal with CRBC for environmental protection projects

Serbia cuts EUR 3,2 billion deal with CRBC for environmental protection projects

The government of Serbia agreed with China’s CRBC on building a functional sewerage system and wastewater treatment plants in 65 municipalities across the country. The deal also includes rehabilitating or ... more
Expansion of the Trans-Balkan Electricity Corridor in Serbia continues with EU financing

Expansion of the Trans-Balkan Electricity Corridor in Serbia continues with EU financing

The project contributes to the establishment of a regional power network connecting the electricity transmission systems of Bosnia and Herzegovina, Montenegro, and Serbia with Croatia, Hungary, Romania and Italy through 400 kV overhead lines or submarine cables ... more
ContourGlobal Maritsa East 3 TPP secures electricity supply by investing in a new power transformer

ContourGlobal Maritsa East 3 TPP secures electricity supply by investing in a new power transformer

The facility increases the voltage of the electricity produced by the turbine and the generator to levels that are necessary to ensure the electricity transmission along the power lines and deliver at low losses to the households and ... more

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